Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

May 24, 2011 08:30 ET

Majescor and SOMINE Contract Buscore Consulting to Manage the SOMINE Copper-Gold Property Exploration Program, Haiti-Buscore to Design Core Drilling Program

MONTREAL, QUEBEC--(Marketwire - May 24, 2011) -

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Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX), its 100%-owned affiliate company SIMACT Alliance Copper-Gold Inc. ("SACG") and Haitian partner SOMINE SA are pleased to report that they have hired Buscore Consulting Limited to manage the exploration program on the SOMINE copper-gold Property ("SOMINE Property") located in the North-East mineral district of Haiti.

Buscore Consulting Limited ("Buscore") is an established international mineral exploration and mine development consulting company founded by Canadian geologists Dale Schultz and Bart Wilson. Prior to starting Buscore, both Mr. Schultz and Mr. Wilson worked on behalf of Aurelian Resources, where their work was fundamental in the discovery of the world-class Fruita del Norte epithermal gold-silver deposit. In addition to this, they have helped to discover and develop multiple precious and base metals prospects throughout the Americas.

Based out of Quito, Ecuador, Buscore is specialised in the design and management of mineral exploration projects in emerging minerals districts. The company provides high-level technical and project management services spanning the complete mineral development process from reconnaissance exploration through to target generation and testing as well as project scoping and feasibility studies. Over the past decade, Buscore's highly experienced team of exploration specialists from Canada, U.S.A., Britain, Belgium, Germany, and South Africa, have managed a series of mineral exploration and development projects in Latin America, notably across Ecuador and throughout Peru, as well as in Paraguay, Bolivia, Colombia, Nicaragua, Honduras and Mexico. The company's senior geologists have written press releases and or NI 43-101s for a number of Canadian companies including Aurelian Resources, Atlas Minerals, Avalanche Resources, Solex Resources, Arco Resources, Galway Resources, and Envirogold.

One of Buscore's first tasks on the SOMINE Copper-Gold project will be to implement the exploration program following the recommendations set forth in Majescor's National Instrument ("NI") 43-101 Technical Report on the property (the "Report"; available on www.sedar.com). Phase I of this program, estimated at $1.2 million, will comprise of the following: re-establishment of an exploration camp; extending surface grids; continued soil and rock chip sampling on grids; ground geophysical surveying (IP surveys) on the grids in areas not previously surveyed; a 3,500 m – 15 hole drill core drilling campaign focussing on the historical Douvray and Blondin porphory copper prospects and on new priority targets including the Dos Rada and Ti-Toro copper zones and the Vein 37 copper-gold prospect; as well as initial environmental baseline studies for subsurface and surface groundwater, noise and dust levels, and year-round weather conditions

Daniel Hachey, President and CEO states "Buscore brings to the SOMINE project its extensive expertise in exploring emerging mineral districts where they have demonstrated success. One of our main objectives for 2011 remains to identify one or more economic porphyry copper or lode gold deposits on the SOMINE property. We feel that Buscore can be of valuable assistance in this phase of our program."

The SOMINE Property lies within a highly prospective Mesozoic-Cenozoic volcanic-intrusive arc trend which contains numerous epithermal gold and porphyry copper occurrences in Haiti as well as the World-Class Pueblo Viejo gold-copper mine in the adjacent Dominican Republic. The property is host to a 10 km long byup to 3.8 km wide copper-bearing corridor defined by historical regional stream sediment, soil and rock geochemistry data (see Majescor press release dated July 7, 2009). This northwest-trending corridor not only holds the historical Blondin and Douvray copper-gold prospects, the historical Faille B gold prospect, as well as a series of historical copper occurrences at Dos Rada, but also over one hundred new copper showings in outcrop, including Vein 37 ("Grosse Veine") a minimum 20 m by 20 m exposure of a 1-3 m thick copper-bearing quartz vein with spots assays of up to 5.80% Cu and up to 71.3 g/t Au (see Majescor press release dated November 5, 2009). The showing, located 1.3 km southeast of the historical Douvray porphyry copper prospect, consists of a massive quartz vein hosting up to 20% copper-bearing minerals. As previously reported, copper mineralization is ubiquitous, but irregular in grade, across the mineralized vein. Prospecting work conducted within the copper-bearing corridor in 2009 also led to the discovery of a new a minimum 650 m-long by 300 m-wide copper-mineralised zone in fractured and altered mafic volcanics. copper-rich zone in outcrop This zone known as "Ti-Toro" extends southeast and along strike from the Dos Rada historical copper area. Reconnaissance prospecting and geochemical sampling conducted in 2008 at Ti-Toro by SOMINE SA in 2008 had uncovered 16 copper-bearing showings in outcrop, with spot sample copper grades ranging from 1.53% to 13.28% Cu (see Majescor press release dated October 6, 2010),

A map showing the location of the corridor and of the various prospects and showings on the SOMINE property is available on the Company's website at www.majescor.com.

About the SOMINE Property

The SOMINE Property consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed with the State of Haiti on May 5, 2005 and valid until March 9, 2020. SACG has also carried-out systematic soil sampling and prospecting work over four Prospecting Permits encompassing four 100 km2 areas lying to the East, South and Southeast of the permit subject to the Mining Convention. SOMINE SA has requested the conversion of the Prospecting Permits into Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the BME.

About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. ("SACG") is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE property. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project

About Majescor Resources Inc.

Majescor is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE property, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (100%-owned; under option to Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (100%-owned; under option to Sunridge Gold Corp.).

This press release as been prepared by Marc-André Bernier, P.Geo, Director of Majescor, acting as the "Qualified Person" for the Company under National Instrument 43-101.

To find out more about Majescor Resources Inc. (TSX VENTURE:MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company's Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com, or contact us directly at:

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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